Grantor’s Obligations. On Closing, the Grantor shall deliver the following documents to the Grantee:
(1) Grantor’s shareholders’ and board resolution to authorize Grantor to execute, deliver and perform this Agreement;
(2) The certificate of the Restricted Shares as provided in section 2.2.
Grantor’s Obligations. During the term of this Agreement, the Grantor shall, at its Actual Cost to be paid by the Grantee, obtain all approvals and consents that may be required from all federal, state, and local authorities regarding all or any portion of the Cable installation or replacement upon the Route Segments subject to such jurisdiction. Legal counsel used for this purpose shall be selected by Grantor following consultation with the Grantee.
Grantor’s Obligations. Grantor shall be solely responsible for all aspects of the operation of NUNet and the operation and maintenance of Equipment thereon. Grantor shall, at its own expense, perform routine inspections of the Cable in conjunction with the periodic inspection of its electric facilities and Structures and routine rights of way maintenance. Grantor shall provide notice to Grantee at least 10 working days in advance of any maintenance upon any Route Segment upon which any repair is to be conducted on the Cable as a result of such maintenance procedures.
Grantor’s Obligations. In the event of any damage to or loss or destruction of the Mortgaged Property, Grantor shall (i) promptly notify Mortgagee of such event, if such event would give rise to a claim under the insurance policies required to be maintained by Grantor pursuant to Section 3.04, (ii) take such steps as shall be reasonably necessary to preserve any undamaged portion of the Mortgaged Property and (iii) take such steps as shall be reasonable necessary to recover and apply the Net Loss Proceeds in connection with such damage or destruction in accordance with the terms of the Indenture, including depositing such Net Loss Proceeds into the Collateral Account.
Grantor’s Obligations. The Grantor will:
Grantor’s Obligations. 4.1.1 After the exercise by the Grantee of the Call Option and against compliance by the Grantee with its obligations pursuant to Clause 4.2.1, on the Option Completion Date, the Grantor shall deliver the relevant instrument of transfer duly executed by the authorized person of the grantor or the nominee of the Option Shares, to the Grantee and procure the issuing of the new share certificate in respect of the Option Shares to the Grantee or to the Grantee’s nominated receiving agent, and the Grantee agrees that the delivery of the relevant instrument of transfer thereof shall constitute a complete discharge of the Grantor’s payment obligations in respect of the Consideration Shares; and
4.1.2 (if applicable) the Grantor shall as soon as reasonably practicable after the Option Completion, arrange for payment of any stamp duty and prescribed fees for the transfer of the Option Shares.
Grantor’s Obligations. In consultation with the Grantee, and in accordance with the Specifications, the Grantor and/or its consultants shall engineer, provide detailed specifications, construction working prints and other data necessary to permit the construction and installation of the Cable in the Duct System. The Grantor shall also design all alternating current power sources, buildings and other necessary and related articles of property which, together with the articles of property to be designed by the Grantee, are required to provide usable fiber optic transmission capacity throughout the Grantor's Duct System. All such detailed specifications, construction working prints and other information shall be subject to the Grantee's approval. The Grantee shall reimburse the Grantor for the Grantor's Actual Costs incurred pursuant to this Section 6.
1. The Grantor shall use its best efforts to perform the work called for by this Section 6.1 at the lowest possible cost to the Grantee. The services provided by the Grantor in this Section 6.1 shall be performed in a professional and workmanlike manner.
Grantor’s Obligations. The Grantor must:
(a) not do or permit to be done anything in the Right of Way Area which in the opinion of the District, acting reasonably, may interfere with, injure or impair the operating efficiency of, or obstruct access to or the use of the Right of Way Area, the Pathways, or the rights granted under this Statutory Right of Way;
(b) permit the District to peaceably hold and enjoy the rights hereby granted;
(c) permit the District to do all other things in the Right of Way Area which in the opinion of the District are reasonably necessary for the safe use and preservation of the Right of Way Area for the purposes of the Pathways and the Statutory Right of Way;
(d) not deposit or place garbage, debris or other material in the Right of Way Area, other than the parkade of the Development which will be constructed below the Right of Way Area; and
(e) at its own expense, do or execute or cause to be done or executed all such further and other lawful acts, deeds, things, conveyances and assurances whatsoever for better assuring to the District the rights, liberties, and right of way hereby granted.
Grantor’s Obligations. Upon the request of the Collateral Trustee when a Notice of Acceleration is in effect, each Grantor will, subject to the provisions of the Intercreditor Agreement:
Grantor’s Obligations. In the event of any damage to or loss or destruction of the Premises, Grantor shall (i) promptly notify Beneficiary of such event and take such steps as shall be necessary to preserve any undamaged portion of the Premises and (ii) unless otherwise instructed by Beneficiary, regardless whether the insurance proceeds, if any, shall be sufficient for the purpose or shall be otherwise applied by Beneficiary as provided herein, promptly commence and diligently pursue to completion the restoration, replacement and rebuilding of the Premises to the condition of the Premises affected thereby immediately prior to such damage, loss or destruction in accordance with plans and specifications approved, and with other provisions for the preservation of the security hereunder established, by Beneficiary.
